Have You Started Your Retirement Planning? 54% Of Middle-Aged Singaporeans Have Not

By Seedly • August 24, 2022

Source: Giphy When it comes to planning for retirement, most of us would’ve heard that we need to start early. But, a survey study by St. James’s Place Asia (SJP Asia) found that 54% of Singaporeans aged between 45 and 64 have not started planning for retirement! And… 55% of those surveyed have not accounted for inflation in their financial planning. 😲 These numbers are… alarming considering we’re always bombarded by the importance of planning for retirement. So, why is this happening? Let’s find out!

TL;DR: Reasons Why Singaporeans Have Not Started Planning For Retirement

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SJP Asia Study’s Research Methodology

The wealth management conducted 2,780 online interviews with respondents from Singapore (1,420) and Hong Kong (1,360). All respondents were aged 25 to 64 years old and those who held personal investments in stocks, property, shares, funds etc. and were from households with a minimum annual...